The IRS recently provided guidance regarding eligibility under the CARES Act and specified that a qualified individual includes an individual who has a reduction in pay (or self-employment income) due to COVID-19.Distributions:If so, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.

I need some guidance on one flip house project that I'm doing now... this house has a pre-existing patio cover and i want to change the old columns for a fresh 4x4... because is a pre-existing patio cover do you think i need to get a city permit??

Would appreciate any tips or guidance regarding this market.

Have a few auctions that will need to take place and looking for advice or guidance in the process.

@Richard Singh I'm glad to see you are getting some great guidance on how to handle your specific situation. 

Alexis,I  can't personally help you because you are going to live in the property, but if you give me a call so we can further discuss  your situation, I have a partner who can help and give some guidance.

I appreciate any guidance on this topic.

That would mean someone with some performing properties could collect the rent, pay insurance and property taxes each month, put money aside for maintenance, CAPEX and vacancy, pay for property management and still have ht bulk of income available to safe.Sometime next year forbearance ends, the guidance is applied and the saved funds can be applied for investments while the missed payments will be paid with Dollars at valuations in 15 years or 30 years or sometime in between, but in any case at a much lower valuation than today.I admit that this would require foresight and patience and a strategic plan.

I’m concerned how the economy looks moving forward and want to consolidate, but I also want to continue growing our portfolio and  I am weighing a few options and can use some guidance:1.

Does anyone have tips or guidance on how to start?